The Major Difference in the Statement of Retained Earnings Between

question 54

Multiple Choice

The major difference in the Statement of Retained Earnings between a service business and a merchandising business is:

• A)that the Retained Earnings statement of a service business includes Dividends.
• B)that the Retained Earnings statement of a merchandising business includes Dividends.
• C)that the Retained Earnings statement of a merchandising business shows the Cost of Goods Sold.
• D)nothing. There are no differences between the two.

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Definitions:

Bedside Commode

A portable toilet, usually placed near a patient's bed, for individuals who are unable to walk to the bathroom.

Black, Tarry Stools

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Upper Endoscopy

Upper endoscopy is a medical procedure that involves using an endoscope to visualize and examine the interior surfaces of the upper gastrointestinal tract, including the esophagus, stomach, and duodenum.

Flexible Sigmoidoscopy

A diagnostic procedure that uses a flexible tube with a light and camera to examine the lower part of the colon and rectum.